On average, how long can people expect to live in retirement today?

The duration people can expect to live in retirement has significantly increased over the past few decades due to advancements in healthcare, better living conditions, and overall improved awareness of health and wellness. On average, retirees can anticipate living for an additional 10 to 20 years after they retire. This figure takes into account various factors such as age at retirement, overall health, and lifestyle choices.

Choosing this answer reflects an understanding of the demographic trends that are driving longer lifespans. Retiring at age 65, for example, many individuals can expect to live into their 80s or 90s. As a result, planning for retirement must consider these longer life expectancies to ensure that individuals have adequate financial resources and healthcare coverage to sustain them throughout their retirement years. This underscores the importance of planning not just for the initial years after retirement, but for a potentially lengthy retirement period that could span two decades or more.